Starting in real estate

[Kevin Bartel]

Hi all, 

First time poster here. I am interested in getting into real estate investing but am not exactly sure which is the best path for me. A bit about my situation and motivation for getting into real estate investing...I have a full-time, high paying W2 job as a specialist physician that I generally enjoy but would like to  be able to supplement my income over the next 8-10 years if/when payments decline in medicine. I am currently unmarried, no kids and recently out of residency with six figures in medical school debt. I live in a VHCOL area in Colorado in the mountains (~3.5 Hours from Denver) and single/multifamily homes in this area are extremely expensive.

Things I am currently considering to get started include house hacking, STR, and real estate syndications. Single/multifamily deals don't seem to really pencil in my area and I am somewhat leary of being a landlord with my full-time job. However, for the right situation and learning experience I would not rule it out. I am somewhat leaning toward syndications getting started since they seem to provide some tax benefits, learning opportunities and are more passive than the other options.

Just curious what this community's thoughts are in this regard for someone getting started. Also, if anyone is an investor in the mountains of Colorado and would be open to me buying them coffee, well, that would be great!

Thanks for your help!

KB

[Tanner Pile]

@Kevin Bartel I would go for a house hack on a multi-family property like a house and cottage where you can do an STR in the cottage unit in Denver.

Going a syndication is a good option too and you can learn a lot from the main syndicators. 

Another route you could do is be a money partner for someone buying real estate that does cash flow like STRs or Co-living in Colorado or out of state or even partnering for flips. My friend @Miller McSwain does partnerships for co-living properties to get similar returns to syndications. He is also writing the newest Bigger Pockets Book on Co-Living!